Kingstone Companies, Inc. (NASDAQ: KINS) announced that its board of directors authorized a share repurchase program allowing the company to buy back up to 1,000,000 shares of its common stock over the next two years. The program represents approximately 6.9% of the company's outstanding shares as of March 31, 2026.

The regional property and casualty insurance holding company said repurchases may be conducted through open market purchases, privately negotiated transactions, block transactions, and Rule 10b5-1 trading plans. The timing and amount of repurchases will be determined by management based on market conditions, share price, regulatory requirements, liquidity needs and other factors.

"This authorization reflects the Board's confidence in the Kingstone franchise we have built and the trajectory ahead of us," said Meryl Golden, president and chief executive officer. "Share repurchases under this program are intended to complement our investments in profitable growth and our quarterly dividend."

The program does not obligate the company to repurchase any specific number of shares and may be modified, suspended or discontinued without prior notice. Kingstone intends to conduct repurchases in compliance with Rule 10b-18 of the Securities Exchange Act and the company's insider trading policy.

Kingstone's principal operating subsidiary is Kingstone Insurance Company, a New York-based carrier that writes business through retail and wholesale agents and brokers. The company was the 11th largest writer of homeowners insurance in New York in 2025 and is licensed in seven other northeastern states.